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Glossary of Financial Terms — J 

Glossary_J 

  

 

 


Terms


Jawboning

The use of public pronouncements and persuasion to affect public policy.

 

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JEEPS

GNMA Graduated Payment Mortgage Securities.

 

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Joint Account

An agreement by two or more firms to share in the purchase, sale or ownership of securities with equal or proportionate risk and financial participation.

 

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Junk Bond (High-Yield Bond)

A bond offering a high yield or interest rate, commonly due to less robust financial security or short company track record. Generally includes securities rated BB+ (or BA+) or below by a nationally recognized rating agency.

 

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Information contained herein is believed to be reliable, but the accuracy and completeness of this material cannot be guaranteed.

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